{"id":3756,"date":"2025-06-10T18:16:13","date_gmt":"2025-06-10T18:16:13","guid":{"rendered":"https:\/\/digkrypton.com\/index.php\/2025\/06\/10\/the-trumps-american-bitcoin-merges-with-gryphon-reports-215-btc-on-balance-sheet-since-launch\/"},"modified":"2025-06-10T18:16:13","modified_gmt":"2025-06-10T18:16:13","slug":"the-trumps-american-bitcoin-merges-with-gryphon-reports-215-btc-on-balance-sheet-since-launch","status":"publish","type":"post","link":"https:\/\/digkrypton.com\/index.php\/2025\/06\/10\/the-trumps-american-bitcoin-merges-with-gryphon-reports-215-btc-on-balance-sheet-since-launch\/","title":{"rendered":"The Trump\u2019s American Bitcoin Merges with Gryphon, Reports 215 BTC on Balance Sheet Since Launch"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

The Trump\u2019s American Bitcoin Merges with Gryphon, Reports 215 BTC on Balance Sheet Since Launch<\/a><\/p>\n

<\/div>\n

American Bitcoin Corp<\/a> (ABTC), a newly formed private Bitcoin mining<\/a> company backed by Eric Trump and Donald Trump Jr., announced in a June 10 SEC filing<\/a> that it has acquired 215 Bitcoin (BTC) since launching operations on April 1, 2025. The reserve is currently valued at approximately $23 million, showing their drive and commitment to Bitcoin.<\/a>\u00a0<\/p>\n

\n

JUST IN: American Bitcoin Corp (private) reports to have 215 #bitcoin<\/a> (per 31 May) since it’s launch on April 1, 2025. <\/p>\n

They will merge with Gryphon Digital $GRYP<\/a> and become public under ticker $ABTC<\/a>.<\/p>\n

They mention “Bitcoin accumulation is not a side effect of ABTC\u2019s business.\u2026 pic.twitter.com\/wq1Uxr76Z2<\/a><\/p>\n

\u2014 NLNico (@btcNLNico) June 10, 2025<\/a>\n<\/p><\/div>\n

\u201cBitcoin accumulation is not a side effect of ABTC\u2019s business. It is the business,\u201d the company stated in the filing.<\/p>\n

Furthermore, ABTC has entered into a merger agreement with Gryphon Digital Mining ($GRYP), and the combined company is expected to begin public trading under the ticker $ABTC as early as Q3 2025.\u00a0<\/p>\n

The company\u2019s three-layer strategic plan\u2014outlined in the SEC disclosure\u2014details a focused approach:<\/p>\n

Layer 1: Build the Engine<\/strong><\/p>\n

ABTC\u2019s foundation is built on \u201cproducing Bitcoin below-market cost through a capital efficient, infrastructure-light operating model.\u201d The company owns and operates over 60,000 miners from Bitmain and MicroBt, running primarily on Hut 8-managed facilities.<\/p>\n

Layer 2: Scale the Reserve<\/strong><\/p>\n

ABTC had \u201caccumulated approximately 215 Bitcoin in reserve since launching on April 1, 2025,\u201d which it considers a long-term strategic asset. The firm states its goal is \u201cto utilize public markets and strategic financing structures to access efficient capital and leverage that capital to increase its Bitcoin in reserve per share.\u201d<\/p>\n

Layer 3: Lead the Ecosystem\u00a0<\/strong><\/p>\n

The company ultimately aims to use its operational scale and mining position to drive industry-wide adoption. \u201cABTC may pursue opportunities to support protocol development, enhance network infrastructure and contribute to Bitcoin\u2019s resilience and adoption in ways that align with shareholder value creation.\u201d<\/p>\n

For mining rewards, ABTC uses Foundry and Luxor pools with sub-1% fees and relies on Coinbase Custody for secure cold storage, featuring multi-factor authentication and strict withdrawal protocols.\u00a0<\/p>\n

With operations across Niagara Falls, NY; Medicine Hat, AB; and Orla, TX, ABTC is leveraging strategic partnerships\u2014primarily with Hut 8\u2014to scale its Bitcoin holdings while influencing the broader crypto mining ecosystem<\/a>.<\/p>\n

This post The Trump\u2019s American Bitcoin Merges with Gryphon, Reports 215 BTC on Balance Sheet Since Launch<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Jenna Montgomery<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine The Trump\u2019s American Bitcoin Merges with Gryphon, Reports 215 BTC on Balance Sheet Since Launch American Bitcoin Corp (ABTC), a newly formed private Bitcoin mining company backed by Eric Trump and Donald Trump Jr., announced in a June 10 SEC filing that it has acquired 215 Bitcoin (BTC) since launching operations on April […]<\/p>\n","protected":false},"author":0,"featured_media":3757,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-3756","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/3756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=3756"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/3756\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/3757"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=3756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=3756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=3756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}